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Author Topic: Nice market depth graph ))  (Read 1514 times)
pent
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October 07, 2011, 03:08:27 AM
 #1

>20k btc wall @4.45 btc

Looks very ominously....

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October 07, 2011, 03:09:56 AM
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>20k btc wall @4.45 btc

Looks very ominously....



Omnomnom! Grin

(BFL)^2 < 0
grod
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October 07, 2011, 06:14:24 AM
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Ooh yeah.  Someone's scared.  Very scared.  Wall *should* hold, but if by some chance it doesn't we're looking at another "buying opportunity" in the 3s.

Screwit, I am selling my freshly mined coins into that.
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October 07, 2011, 04:27:28 PM
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The 'wall' is being slowly chipped away.  It all depends on the resolve of the people who put it up whether they choose to pull the bids or not.  Do they think bitcoin is heading lower anyway?  It would be silly not to remove the bids in that case.  Do they think they can stop hundreds of sellers who may panic at any moment?  Good luck.

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October 07, 2011, 04:39:24 PM
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All I know is this is a new downward movement we have here. It has been stable for the last couple of weeks around $5.00 but now the selling pressure is very high. Nothing really new here, this has been the same with bitcoin since the drop from $30.

The first bidwall which was at 14,000 bitcoins has been chewed down to 10,000 bitcoins. People are selling into this bidwall.

Interesting stuff is going on. If it was not for this huge bidwall, we would be pushing into the 3's and lower.

I think bitcoin is finally going under, we should have selling pressure into the $2.00 and $3.00 range. Personally, for the last months I thought around $2.00 would be a good buy, but now that we are this low, I do not even think I would buy any considerable amount of bitcoins at that price.

The person or persons involved with this huge bidwall are crazy. Why would they put up such a large bidwall? how will they sell all the coins they will buy. Like i have said a million times, this person has probably lost thousands of dollars trying to keep the price from dropping. What an idiot. He should learn the economic term "sunk cost"

Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
pent
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October 07, 2011, 04:40:42 PM
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The 'wall' is being slowly chipped away.

Still there ))

pent
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October 07, 2011, 08:55:56 PM
 #7

Wow. There is no that wall anymore...
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October 07, 2011, 08:56:42 PM
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Interesting..
pent
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October 07, 2011, 08:58:33 PM
 #9

Big torpedo for big ship  Grin
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October 12, 2011, 09:22:34 PM
 #10

Okay, another one on the way )


grod
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October 12, 2011, 09:55:14 PM
 #11

Too early for another powerdump.  Also not sure what this means with a DDoS on major pools in progress.

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